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Bullboard - Stock Discussion Forum CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Chemicals Specialty Chemicals

Bullboard (TSX:CUS.DB.D)

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Comment by 6million Mar 12, 2015 11:10am

RE:RE:Conv Debt Balance Sheet Calculation Finalized

Just to be clear the principal value of the convertible debt is $313 million
233
Discussion
Comment by Calgaryrideron Mar 12, 2015 10:39am

RE:Conv Debt Balance Sheet Calculation Finalized

Are we all convinced yet that a Debenture (an obligation) has the same impact as Debt with respect to a company's shareholders? Either you owe $287M in money or you owe ...more  
235
Discussion
Post by 6million Mar 12, 2015 10:12am

Conv Debt Balance Sheet Calculation Finalized

Thank you to Blue and to Pierre for making me scrutinize Note 9 yet again. I failed to notice several line items within Note 9. The line items are: $20.8 million Embedded Conversion Options of ...more  
460
Discussion
Comment by 6million Mar 12, 2015 10:02am

RE:RE:Net Debt Calculation

Pierre: I read Note 9 in the 3Q14 report  several times before my initial post. Again, as I put to Blue just now, it says "The Series IV, V and VI Convertible Debentures are considered ...more  
215
Discussion
Comment by 6million Mar 12, 2015 9:55am

RE:RE:RE:RE:Net Debt Calculation

BlueCollar51 wrote:2) Accounting mumbo jumbo: Your explanation about it being accounting mumbo jumbo does not make sense to me. While accounting rules may sometimes seem convoluted, they are explicit ...more  
180
Discussion
Comment by Ubervakon Mar 12, 2015 9:24am

RE:RE:It would seem like a good entry point

Hmmm let's see. Legoman a member since March 6th.. Another Kherson made up account? Add that to the list along with Calgary etc etc. Paid basher? Yep! - Uber
193
Discussion
Comment by pierrelebelon Mar 12, 2015 8:35am

RE:Net Debt Calculation

Why is the debt carried in the books different from the face value of the obligations?  The answer can be found in the auditors note #9 (Sept 30 2014 repost): https://canexus.ca/documents ...more  
192
Discussion
Comment by BlueCollar51on Mar 12, 2015 12:27am

RE:RE:RE:Net Debt Calculation

2) Accounting mumbo jumbo: Your explanation about it being accounting mumbo jumbo does not make sense to me. While accounting rules may sometimes seem convoluted, they are explicit and they always ...more  
223
Discussion
Comment by 6million Mar 11, 2015 11:30pm

RE:RE:Net Debt Calculation

Blue: Thanks for posting. 1) Debt vs. Obligations: I am not confusing "debt" with "obligations". Convertible debt is simply debt that can be converted to equity at a certain ...more  
242
Discussion
Comment by Khersonon Mar 11, 2015 11:27pm

RE:RE:RE:RE:RE:RE:Net Debt

Ocean112, you are leaving us? My understanding was that you would be sticking around until the Year End Financials were released! I guess that your pumping contract was cut short! By the way ...more  
189
Discussion
Comment by Calgaryrideron Mar 11, 2015 11:12pm

RE:RE:Net Debt Calculation

Obligation, debt....same thing.   The explanation on debt should be handled in terms of a balance sheet is bang on.  How it's handled in terms of covenants is that the primary lender ...more  
186
Discussion
Comment by BlueCollar51on Mar 11, 2015 11:02pm

RE:Net Debt Calculation

I don’t profess to be an “expert” but I think you may be confusing “Debt” with “Obligations”. Not all Convertible Debentures are the same and not technically Debt they are often considered ...more  
181
Discussion
Comment by LegoGuyon Mar 11, 2015 10:59pm

RE:It would seem like a good entry point

Wait a week. You'll be able to buy it for $1.50. At most.
166
Discussion
Post by garetclayneon Mar 11, 2015 8:56pm

It would seem like a good entry point

Stock has come off quite severely, I remember when they ipo'd surprised someone hasn't bought this out yet
348
Discussion
Comment by Stockvestingon Mar 11, 2015 8:31pm

RE:Net Debt Calculation

Thanks 6milli.  Great explanation!
182
Discussion
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